1 bed Flat For Sale, 2 Fenton Street, London E1

Description

If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.

A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.

A charming one bedroom apartment located on the first floor of a purpose built block, set within a gated development. The apartment comprises; entrance hallway, open plan kitchen/reception room, bedroom and bathroom. The property benefits from door entry phone system and double-glazed windows.

Property Value: £310,000
Minimum Share: 35%
Share Value: £108,500
Lease Term - 86 years (approx.)
Rent pcm - £401.62
Service charge pcm - £155.59
Gross internal area: 459 sq.ft / 42.6 sq.m

Fenton Street is ideally situated for access to the City and the West End, to Limehouse and Canary Wharf. Aldgate East and White Chapel tube stations and Shadwell tube/DLR stations are less than 10 minutes’ walk away with Liverpool street station only a 15 minute walk. Not to mention the nearby London City Airport and the UK motorway network. A variety of local shops and cafes can be found in the immediate vicinity.

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1 bed Flat For Sale £108,500 2 Fenton Street, London E1

1 bed Flat For Sale £108,500
2 Fenton Street, London E1